OTC Announces Spotlight on New Technology Recipients
The Offshore Technology Conference (OTC), which takes place May 6-9 in Houston, has announced 15 technologies that will receive the 2013 Spotlight on New Technology Award recognizing innovative new products that provide significant impact for offshore exploration and production. The awards will be presented at 1600 hours, 6 May, in Reliant Center. The Spotlight on New Technology Awards, which are for OTC exhibitors, showcase the latest and most advanced hardware and software technologies that are leading the industry into the future.
OTC Announces 2013 “Spotlight on New Technology” Award Recipients
The Offshore Technology Conference (OTC), which takes place May 6– 9, in Houston, has announced 15 technologies that will receive the 2013 Spotlight on New Technology Award recognizing innovative new products that provide significant impact for offshore exploration and production. The awards will be presented May 6, in Reliant Center. The Spotlight on New Technology Awards, which are for OTC exhibitors, showcase the latest and most advanced hardware and software technologies that are leading the industry into the future. “Our Spotlight Award winners ask, ‘What if?’ and ‘Why not?’” said Spotlight Award Committee Chair Helge Hove Haldorsen.
OTC 2013 Spotlight On New Technology Awards
The Offshore Technology Conference (OTC), which takes place May 6-9 in Houston, announced 15 technologies that will receive the 2013 Spotlight on New Technology Award recognizing innovative new products that provide significant impact for offshore exploration and production. The Spotlight on New Technology Awards, which are for OTC exhibitors, showcase the latest and most advanced hardware and software technologies that are leading the industry into the future. “Our Spotlight Award winners ask, ‘What if?’ and ‘Why not?’” said Spotlight Award Committee Chair Helge Hove Haldorsen.
Onboard DC Grid Wins ABB an OTC New Technology Award
ABB’s onboard DC grid was one of 15 technologies selected for an award at the current OTC expo in Houston Texas. The grid concept was selected for an award by a panel of representatives from the OTC Board and program committee. To qualify, technologies had to fulfill five criteria: they had to be new (less than two years old), innovative (original, groundbreaking and capable of revolutionizing the offshore exploration and production industry), proven to work, of broad interest and appeal to the industry…
104,800 Attendees at OTC 2013
Experts from the offshore energy industry around the world came together May 6-9 for the 2013 Offshore Technology Conference at Reliant Park in Houston. Attendance at the conference reached a 30-year high of 104,800, the second highest in show history and up 17% from last year. Attendance surpassed the 2012 total of 89,400 and the sold-out exhibition was the largest in show history at 652,185 ft², up from 641,350 ft² in 2012. The event had 2,728 companies representing 40 countries, including 244 new exhibitors in 2013. International companies made up 39% of exhibitors.
Teekay Orders Additional Shuttle Tanker Duo
Teekay Offshore Partners L.P. has declared options with Samsung Heavy Industries Co., Ltd. for the construction of two Suezmax DP2 shuttle tanker newbuilds for a total fully-built-up cost of approximately $265 million. Upon delivery in 2020, the vessels will join Teekay Offshore’s Contract of Affreightment (CoA) fleet in the North Sea. “This is another important milestone for Teekay Offshore’s shuttle tanker franchise since it further strengthens our position as the leading provider of CoA shuttle tanker services in the North Sea,” said Ingvild Sæther, President and CEO of Teekay Offshore Group Ltd. According to Teekay, the newbuilds will be constructed based on the Partnership’s new Shuttle Spirit design which incorporates technologies to increase fuel efficiency and reduce emissions…
Wärtsilä Launches Fuel-saving VER System
The technology group Wärtsilä is introducing its Voyage Emissions Reduction (VER) system as a means for increasing oil tanker revenues, while also significantly aiding the environment through reduced emissions. The system effectively eliminates the problem of volatile organic compound (VOC) emissions from tankers during laden voyages. VOC’s are organic chemicals having a high vapour pressure resulting from their low boiling point, which leads to extensive evaporation. On average, an oil tanker will emit 0.085 percent of its contained cargo per each week.
Africa Maritime Cooperation Centre Launched
Africa has launched its maritime technology cooperation centre as part of an ambitious International Maritime Organization (IMO)-EU project to establish a global network of centres to further global efforts in addressing climate change. The centres will act as regional focal points for a wide range of activities including improving compliance with existing and future international energy-efficiency regulations; promoting uptake of low-carbon technologies and operations in maritime transport…
Eagle Bulk Completes $265 Mln Refinancing
Eagle Bulk Shipping, through its wholly-owned subsidiaries Eagle Bulk Shipco and Eagle Shipping LLC, has entered into a series of refinancing transactions, including the repayment in full of Eagle Shipping’s outstanding first and second lien credit facilities, each dated as of March 30, 2016. As a result of these transactions, the company has extended the maturities of the outstanding debt of its subsidiaries through 2022 and achieved additional financial flexibility with respect to its free cash flow.
US Invests $18.5 Mln in Offshore Wind Research
U.S. Secretary of Energy Rick Perry announced $18.5 million in new Department of Energy (DOE) funding for a consortium that will conduct research aimed at reducing the cost of offshore wind in the U.S. As it seeks to capitalize on momentum in the offshore wind market, the U.S. still faces several challenges, such as deep water requiring floating foundations, the need for models predicting how Atlantic hurricanes will impact offshore turbines, and supply chain and operations and maintenance solutions to address the challenges of building and maintaining turbines at sea.
ASC Shipbuilding CEO Lamarre Steps Down
ASC Shipbuilding chief executive officer Mark Lamarre will step down after three years at the helm of the Australian naval warship builder. According to the shipyard, Lamarre has decided to return to the United States for family reasons. ASC shipbuilding general manager Jim Cuthill will step in as acting CEO from December 15. On November 24, ASC secured the shipbuilding role for the initial phase of the Offshore Patrol Vessel project in Adelaide in 2018-2020. The company is pursuing additional shipbuilding projects, including the Future Frigate program from 2020.
IMO Rolls Out Global Maritime Technology Cooperation Centre Network
A global network of centres of excellence in marine technology was officially launched on Monday (4 December) at the headquarters of the International Maritime Organization (IMO). The Directors of five regional Maritime Technology Cooperation Centres (MTCCs) signed a Memorandum of Understanding to establish the global maritime technology centre network. The network of MTCCS - in Africa, Asia, the Caribbean, Latin America and the Pacific - is the mainstay of the GMN maritime technology project, run by IMO and funded by the European Union.
GE, DSIC Unveil Plan for LNG Carrier Power Conversions
GE’s Marine Solutions and Dalian Shipbuilding Industry Co. Ltd. (DSIC) completed a preliminary design for the conversion of a steam turbine powered LNG Carrier (LNGC) to a gas turbine-based propulsion system. The study aims at steam powered LNGCs that offer low fuel efficiency but are not ready to be retired from service. The new design will feature GE’s reliable and compact COmbined Gas turbine, Electric and Steam (COGES) system. According to Yingbin Ma, DSIC Deputy Technical Director…
Autonomous Shipping Test Site Opens in Norway
Norway’s newest autonomous shipping test site is now officially open and ready to support the development of high-tech autonomous maritime solutions. Building on Norway’s leading position within the burgeoning autonomous shipping segment, the new test-bed in Horten is designed to offer Norwegian and international organizations a convenient, safe, non-congested space to trial new technology and vessels as the third of its kind in the country and the fourth such approved area in the world.
Poly Shield Technologies Net Fuel Purification Contract
Florida- based Poly Shield Technologies Inc., sign an installation agreement with LMS Shipmanagement Inc. a wholly owned subsidiary of International Shipholdings Corp., ISH NYSE. The agreement will focus, initially, on a two vessel installation and certification of its newly developed DSOX-15 Fuel Purification System. The agreement will also allow for DSOX-15 system installations on up to an additional 40 ships. The DSOX-15 system, with its new approach to sulfur removal, is expected to comply with the new emission regulations set to take effect in January 2015. CEO, Rasmus Norling, commented, "This Development Agreement with LMS is a significant step forward in achieving our Company's business goals and allowing Poly Shield Technologies Inc.
Eco Marine Power to Use Artificial Intelligence
To further enhance its research capabilities Eco Marine Power announced today that it will begin using the Neural Network Console provided by Sony Network Communications Inc., as part of a strategy to incorporate Artificial Intelligence (AI) into various ongoing ship related technology projects including the further development of the patented Aquarius MRE (Marine Renewable Energy) and EnergySail. The Neural Network Console is an integrated development environment using deep learning for AI creation and has been used in deep learning applied technology development within Sony since 2015.
JHD Names New Managing Director
Jakob Hatteland Display (JHD) has named Tomm-Erik Johannessen, as managing director of its daughter company, Hatteland Technology. Johannessen, an IT professional with 15 years in the Royal Norwegian Air Force and managerial positions at high-profile Norwegian firms, including Scanmar AS, joined Hatteland Technology on 15th September 2006. As head of Hatteland Technology, Johannessen's responsibilities are focussed on expanding R&D for JHD's marine displays and computers.
Poly Shield Launches New Sulfur Treatment System
Poly Shield Technologies Inc. announced the launch of its DSOX-15 system. The system, with its new approach to sulfur removal, is expected to enable ship operators to efficiently and economically comply with the new 2015 emission regulations set to take effect in January 2015. Poly Shield intends to enter into a limited number of certification installation agreements with well-known operating companies to showcase its technology in three specific maritime sectors: Cruiselines, Freight/Cargo and Tankers. Poly Shield saqid it is currently engaged in negotiations and will update the public upon the solidification of any agreements.
Denmark Calls for Regulation for Autonomous Ships
Maritime regulation should be made more flexible if it is to support the development of autonomous ships. A new report published by The Danish Maritime Authority (DMA) identifies where changes in maritime regulation are needed. The report will be used as a platform for the future effort of The Danish Maritime Authority to develop regulation and make it digitalisation-ready. The Minister for Industry, Business and Financial Affairs, Brian Mikkelsen, said: ”It is important that Denmark and Danish companies are at the forefront of technology and digitalisation.
Water-based Oil Recovery System Increases Oil Well Yields
Water Standard is a global water treatment specialist delivering innovative desalination, water-based enhanced oil recovery and produced water solutions to the onshore and offshore oil & gas industry. By optimizing compatibility of the water used in chemical Enhanced Oil Recovery (EOR) applications with reservoir geochemistry, it is possible to increase an oil well's yield by 5 to 15 percent while significantly reducing the use of oilfield chemicals, claim Water Standard Piiots. Water Standard has successfully initiated a groundbreaking pilot project which confirms the performance of its H2Ocean Spectrum™ Technology for water-based enhanced oil recovery (EOR) both on and offshore.
Port of Pittsburgh Seeks Technology Testers
The Port of Pittsburgh Commission seeks local companies and individuals to participate in its Wireless Waterway (WW) Interoperability Test Bed (ITB) the week of June 15, 2014. The commission is accepting applications through April 1, 2014 from interested entrepreneurs, organizations and vendors to conduct demonstrations of technologies and products on the WWITB. In addition it seeks volunteers both to act as professional evaluators and to assist in the operations of the event. The commission established this test bed to help identify technologies which addressed critical river water challenges in the areas of river transportation, communications, environment, safety, sensor, communications, cyber-security, collaboration and interoperability.
Emissions Regulations Present Strategic Opportunity
The marine industry as a whole is responsible for about 2.5 percent of global greenhouse gas emissions. Shipbuilders and fleet owners have spent the last two decades adjusting to shifting emissions regulations since the introduction of the MARPOL Convention 1997 Protocol, which included specific regulations for the reduction of air pollution from marine vessels. Since then, there have been additions and amendments to ensure that the industry is doing its bit to better support the environment, with the latest regulation pulling forward lower caps in global emissions.
Pacific Centre Launches on Low-Carbon Shipping Mission
The Pacific region has celebrated the launch of a centre of excellence for low-carbon shipping technology, which joins centres in Africa, Asia, the Caribbean and Latin America as part of a global network run by International Maritime Organization (IMO) and funded by the European Union. Through this network – the Global Maritime Technology Cooperation Centre Network (GMN) – these centres will develop and promote low-carbon maritime transport systems, supporting the United Nations Sustainable Development Goals (SDGs).